Keir Starmer has announced plans to step aside as head of the UK’s Labour Party, laying the groundwork for Andy Burnham to become the next prime minister. The former Manchester mayor may not be Mr. Market’s ideal politician, but the recent rise in inflation-adjusted borrowing costs is more a testament to the long and unforgiving memories of gilt investors still haunted by Liz Truss’s mini-budget c
Macro Bloomberg Jun 23, 2026